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Sunday, September 20, 2020

High enterprise CEO group helps carbon pricing to combat local weather change (NYSE:XOM)

The Enterprise Roundtable, a D.C. lobbying group comprising CEOs of greater than 200 main U.S. corporations, says it supports market-based carbon pricing to fight climate change, a shift from the previous when the group was divided on the difficulty.

The group says it backs a objective to chop U.S. greenhouse gasoline emissions by 80% under 2005 ranges by 2050, a reversal of its earlier refusal to help laws that will have established an economy-wide cap-and-trade system for GHG emissions.

The group isn’t endorsing any particular sorts of carbon pricing mechanism, nevertheless it believes the market – not regulation – is greatest suited to immediate emissions cuts.

Oil companies and utilities backing the suggestions as a part of the Enterprise Roundtable embrace Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), AEP, Phillips 66 (NYSE:PSX), ConocoPhillips (NYSE:COP) and Vistra (NYSE:VST).

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